Friday, March 13, 2015

Momo Announces Unaudited Financial Results for the Fourth Quarter and Full Year 2014

 Something wrong or strange with MOMO.

Can not understand how an unprofitable Chinese online dating application backed and managed by Alibaba (BABA) achieved its IPO in USA and it is valued over USD3 Billion last December 2014.

Please see:
Snapchat, raising another round at a USD16-USD19 billion valuation ?

also Snapchat raised a USD200M round from Alibaba

article: The epic rise and fall of Fab is finally complete 

FT article "Dotcom history is not yet repeating itself, but it is starting to rhyme" 

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